TORONTO, Feb. 11, 2013 /CNW/ - Rainy River Resources Ltd. ("Rainy River"
or the "Company" (RR.TSX)) is pleased to provide an update on its
planned activities for 2013.

Overview

The feasibility study and permitting process respecting the Rainy River
Gold Project (the "RRGP") are progressing according to schedule.
Exploration drilling re-commenced in mid-January with the intent to add
to the RRGP's existing gold resource of 6.2 million and 2.3 million
ounces in the Measured & Indicated and Inferred categories,
respectively.

The Company is well funded to complete its 2013 activities, with
approximately $102 million in cash and equivalents as of December 31,
2012.

Exploration

Rainy River plans approximately 75,000 metres of drilling in 2013, with
a budget allocation of approximately $18 million. Four diamond drill
rigs were mobilized at the RRGP in January. Three of the rigs are
working to expand known mineralization as well as conduct infill
drilling at the newly discovered Intrepid Zone. With 51 drill holes
completed to date, Intrepid now has a 335-metre strike length and
measures 450 metres down dip. The Company aims to gather enough drill
information to form the first mineral resource on Intrepid by the
middle of this year.

The fourth rig is working at the BP Zone. Drill results from the
Company's 2013 program will be released as they become available.

Feasibility Study

Work continues on the RRGP feasibility study, which is targeted for
release during the first half of 2013. In August of 2012, the Company
released an Updated Preliminary Economic Assessment, which outlined a
robust project producing 308,000 ounces of gold and 478,000 ounces of
silver annually over the first 10 years, with an IRR of 21% and NPV of
$846 million, at $1,250 per ounce gold and $25 per ounce silver price
assumptions. The feasibility study will incorporate the latest gold and
silver resource estimate, which was released in October 2012.

Qualified personsRainy River's exploration program in Richardson Township is being
supervised by Kerry Sparkes, P.Geo., Vice-President Exploration, a
Qualified Person as defined by National Instrument 43-101. Mr.
Sparkes, P.Geo., is also the person responsible for the content of this
news release. The Company has a rigorous QA/QC program in place to
ensure best practices in sampling and analysis of drill core. All
drill core is marked for sampling and then split in half with a diamond
saw blade. Samples are placed in sealed bags with security tags. All
samples were assayed using a standard fire assay, 30 gram nominal
sample weight with an AA finish. Over-limit samples were re-assayed
with a gravimetric finish. Samples with visible gold were
automatically analyzed for Ore Grade by 1000 g screen fire assay, with
coarse and fine fractions being combined proportionately and the fine
fraction being assayed twice. Standards, blanks and duplicates are
inserted every 25 metres. ALS Canada Ltd. performed primary assaying,
with duplicates being analyzed at Activation Laboratories Ltd. ALS
Canada Ltd. and Activation Laboratories Ltd. implements independent
QA/QC protocols that include the insertion of certified blanks and
standards as part of their routine analysis.

About Rainy River
Rainy River Resources Ltd. is a Canadian precious metals exploration
company whose key asset is the Rainy River Gold Project, a large gold
system centred in Richardson Township (part of Chapple Township). As of
December 31, 2012, the Company had approximately $102 million in cash
and cash equivalents and short-term investments, and remains well
funded for its ongoing activities, including 1) completion of a
feasibility level study on the RRGP; 2) continuing to grow the existing
resource through exploration; 3) conducting a condemnation program in
areas identified for potential mine facilities; and 4) continuing
regional exploration. RRGP is very well located in northwestern
Ontario. It is accessed by a network of roads and is close to
hydro-electric infrastructure. The Rainy River district has a skilled
labour force and is one of the lowest-cost areas for mineral
exploration and development in Canada. Ontario has low political risk
and, according to the annual Fraser Institute global survey of the
mining industry, has consistently ranked as one of the top
jurisdictions embracing mineral development.

RAINY RIVER RESOURCES LTD.

Raymond W. Threlkeld
President and CEO

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. These statements include the possible
conversion of inferred resources into higher confidence categories of
resources. Although management believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, and actual
results or developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors that
could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and financing,
and general economic, market or business conditions. Please see the
public filings of the Company at www.sedar.com for further information.

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